FRAMINGHAM, MA— Definitive Healthcare Corp. (NASDAQ:DH) recently reported a stock transaction involving William Moschella, the company's Chief Product & Tech Officer. According to a filing with the Securities and Exchange Commission, Moschella sold 45,000 shares of the company's Class A Common Stock on December 3, 2024. The shares were sold at a weighted average price of $4.70 per share, generating a total value of $211,500.
Following this transaction, Moschella retains ownership of 433,830 shares in the company. The sale was conducted in multiple transactions, with prices ranging from $4.67 to $4.76 per share. InvestingPro analysis reveals several positive indicators, including management's aggressive share buybacks and expectations for net income growth this year. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report covering this $734 million market cap company.
In other recent news, Definitive Healthcare has reported mixed financial results for its third quarter of 2024, with a slight year-over-year decline in revenue to $62.7 million and adjusted EBITDA. However, the company exceeded its revenue guidance and maintained a stable adjusted EBITDA margin of 33%. The company also anticipates revenue volatility due to customer churn in the life sciences sector, extending into early 2025.
In addition to these developments, the company's Board has approved a $100 million expansion of its share buyback program, indicating confidence in the company's long-term prospects. However, it was announced that CFO Rick Booth will be leaving the company effective June 1, 2025.
The company's fourth-quarter revenue is expected to fall between $60 million and $61 million, a 7% to 9% year-over-year decrease. Furthermore, the Net Dollar Retention (NDR) is projected to be 85% to 87% for 2024.
Definitive Healthcare is also actively considering mergers and acquisitions, with sufficient capital for potential deals. Lastly, the company is making strides in enhancing customer retention through advanced analytics and improved data management.
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